As the tech world continues to reshape itself in 2024, Amazon has not been immune to the winds of change, which is what the Amazon layoffs 2024 news all around the globe is all about. The latest news hitting the headlines is that Amazon is reducing its workforce, particularly in the Buy with Prime unit. This move is seen as part of Amazon’s ongoing efforts to streamline operations and reduce costs in a challenging economic environment.
Buy with Prime, a service that enables online stores to offer Amazon’s renowned payment services and rapid shipping, is feeling the impact of these changes. The unit has been pivotal in integrating Amazon’s extensive logistics network with various e-commerce platforms. Since its inception in April 2022, Buy with Prime has shown significant growth, partnering with giants like Shopify and Salesforce, said CNBC. However, the recent layoffs suggest a shift in Amazon’s strategic priorities.
The start of 2024 has been marked by Amazon’s layoffs across multiple divisions, including Prime Video, MGM Studios, Twitch, and Audible. These cuts reflect a broader trend in the tech industry, where companies are reassessing their workforce amidst economic uncertainties.
Amazon layoffs 2024 in numbers
According to reports from CNBC, the layoffs at Amazon’s Buy with Prime unit will affect about 30 employees. This figure represents less than 5% of the staff in this division. While Amazon has not disclosed the exact number of employees in the Buy with Prime segment, the small reduction is part of a larger pattern of cost-cutting measures.
Prime Video layoffs 2024 to affect hundreds
A spokesperson from Amazon stated, “We regularly review the structure of our teams and make adjustments based on the needs of the business.” The spokesperson also emphasized that Buy with Prime remains a top priority and that the company plans to continue investing significant resources in the program, CNBC added.
Amazon layoffs 2024 will have big impacts on its broader strategy
The affected employees in the Buy with Prime unit were part of the broader “Project Santos” organization, which also includes Amazon’s multichannel fulfillment unit. This unit is crucial for merchants who use Amazon’s services for shipping and storing products, regardless of whether they sell directly on Amazon’s platform.
The job cuts at Amazon are not isolated incidents. The company has let go of more than 27,000 employees since late 2022. Other divisions like Prime Video, MGM, Twitch, Audible, and Amazon Pay have also faced staff reductions. This trend mirrors the actions of other tech giants like Google, Discord, Xerox, and Unity, who have announced layoffs since the beginning of the new year.
Amazon CEO says layoffs will continue with 18,000 employees
Amazon has expressed its commitment to assist the affected Buy with Prime employees in finding new roles within the company. They will continue to receive their pay and benefits for at least 60 days and will be eligible for a severance package.
The Amazon layoffs 2024 news, particularly in the Buy with Prime unit, reflect a larger trend in the tech industry of recalibrating workforce and resources in response to the current economic climate. Despite these changes, Amazon maintains its commitment to the Buy with Prime program and assures ongoing investment in this area. As the tech landscape evolves, Amazon’s strategic adjustments indicate a continued focus on efficiency and adaptability.
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